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Equinix

Global colocation data centers enabling interconnection for AI, cloud, and enterprises.

Updated May 2026

Overview

Founded
1998
Headquarters
Redwood City, CA
Ownership
Public
Segment
Data Center Operators

Product overview

Equinix provides carrier-neutral colocation, interconnection via Equinix Fabric, and managed infrastructure in 260+ AI-ready data centers across 33 countries. Customers include Fortune 500 enterprises, cloud providers like AWS, networks, and hyperscalers for high-density AI workloads with liquid cooling. Distinct for its vast neutral ecosystem, 99.999% uptime, 100% renewable energy, and xScale hyperscale facilities powering distributed AI.

Revenue model

94% recurring revenue: colocation (~70%, space/power leases, cabinets $1,500-3,000/month Tier 1 incl. 5-8kW, extra power $150-300/kW/month), interconnection (~17%, connections), managed infra; contracts 1-5 years auto-renew; non-recurring ~6% (installs). FY2024: colocation $6.1B, total $8.7B.

Moat

Equinix's key competitive moat is its Platform Equinix, a global interconnection ecosystem that generates powerful network effects by enabling over 492,000 direct connections among enterprises, networks, and cloud providers across 264+ data centers in 72 cities. This creates immense switching costs, reflected in a ~2% customer churn rate and high-margin interconnection revenue (~16-19% of total), making it far stickier and harder to replicate than rivals' scale-focused models.

Stack lineage

What powers Equinix

L0Infrastructure
  • Vertiv Holdings Co

    Examples of companies in this space [Colocation] include Digital Realty, Equinix, Compass, and QTS.

What Equinix powers

No relationships recorded yet.

Competitors

1 company

Named as a competitor in their own or this company's SEC filings.

L0Infrastructure
  • Digital Realty

    We compete with numerous data center providers globally, including Equinix, Inc. and NTT; various private operators in the U.S.; as well as Global Switch Holdings Limited and various regional operators.